• Economic highlights*
    [Euro ‘000] 2022 2022
    (Non-GAAP)    		 2021 2020 2019 2018 2017 2016 2015
    Revenue from sales
    and services    		 1,723,103 1,720,871 1,359,976 1,224,793 1,211,828 1,196,186 1,140,006 1,027,578 969,040
    EBITDA 335,250 355,022 310,952 263,740 263,794 238,504 222,697 197,826 194,036
    EBITDA
    Margin %    		 19.5% 20.6% 22.9% 21.5% 21.8% 19.9% 19.5% 19.3% 20.0%
    EBIT 204,422 233,478 197,783 157,173 151,743 153,213 140,565 94,659 97,645
    EBIT Margin % 11.9% 13.6% 14.5% 12.8% 12.5% 12.8% 12.3% 9.2% 10.1%
    Net financial income
    (expense)    		 32,012 11,980 (25,797) (14,615) (25,095) 31,422 (13,912) 23,936 3,998
    Profit before taxes 236,434 245,458 171,986 142,558 126,648 184,635 126,653 118,595 101,643
    Income taxes (54,877) (50,344) (48,992) (33,195) (36,219) (35,866) (16,393) (33,246) (26,542)
    Profit from
    continuing operations    		 181,557 195,114 122,995 109,363 90,429 148,769 110,260 85,349 75,101
    Profit margin % 10.5% 11.3% 9.0% 8.9% 7.5% 12.4% 9.7% 8.3% 7.8%
    Profi (loss) from
    discontinued
    operations    		 - - - -   (13,109) (33,094)    
    Profit for the year 181,557 195,114 122,995 109,363 90,429 135,660 77,166 85,349 75,101
    Profit attributable to the owners of the parent 162,286 175,891 113,316 102,008 83,569 127,198 71,471 67,270 67,477
    Profit margin % 9.4% 10.2% 8.3% 8.3% 6.9% 10.6% 6.3% 6.5% 7.0%

    * From April 2022 the Turkish economy is considered hyperinflationary according to the criteria set out in “IAS 29 - Financial Reporting in Hyperinflationary Economies”. The effects of IAS 29 on the main items of the income statement are provided for the year 2022.

  • Financial highlights
    [Euro ‘000] 2022 2022
    (Non-GAAP)    		 2021 2020 2019 2018 2017 2016 2015
    Net capital employed 1,427,272 1,242,556 1,267,932 1,305,142 1,421,196 1,383,799 1,558,929 1,622,741 1,353,192
    Total assets 2,493,976 2,290,079 2,111,058 2,232,379 2,266,094 2,132,223 2,357,329 2,435,444 1,849,551
    Total equity 1,522,773 1,338,057 1,227,557 1,182,962 1,181,567 1,128,384 1,015,658 1,060,303 1,131,105
    Equity attributable to the owners of the parent 1,368,183 1,189,583 1,088,128 1,056,709 1,044,627 997,146 956,188 992,697 1,048,670
    Net financial debt (Net cash) (95,501) (95,501) 40,375 122,181 239,629 255,415 543,271 562,438 222,087
  • Profitability and financial structure ratios
      2022 2022
    (Non-GAAP)    		 2021 2020 2019 2018 2017 2016 2015
    Return on equity(a) 11.9% 14.6% 10.0% 9.2% 7.7% 13.2% 10.9% 8.0% 6.6%
    Return on capital employed(b) 14.3% 18.8% 15.6% 12.0% 10.7% 11.1% 9.0% 5.8% 7.2%
    Equity ratio(c) 60.3% 57.6% 57.7% 52.7% 51.8% 52.5% 42.8% 42.8% 60.7%
    Net gearing ratio(d) -6.4% -7.2% 3.3% 10.4% 20.4% 22.8% 53.8% 54.0% 19.8%
    Net financial debt / EBITDA -0.3x -0.3x 0.1x 0.5x 0.9x 1.1x 2.4x 2.8x 1.1x

    (a) Profit from continuing operations/ Total equity
    (b) EBIT / Net capital employed
    (c) Adjusted equity / Total assets
    (d) Net financial debt / Adjusted equity

  • Employees and investments
      2022 2021 2020 2019 2018 2017 2016 2015
    Number of employees (at 31 Dec.) 3,085 3,083 2,995 3,042 3,083 3,021 3,667 3,032
    Acquisitions (Eur million) - 3.8 - - -223           7.5        435.0(e)             -  
    Investments (Eur million) 122.6(f) 99.1(f) 85.9(f) 88.4(f) 66.7 85.9 71.8 61.3

    (e) On a cash and debt-free basis
    (f) Including investments accounted for in accordance with IFRS 16

  • Volumes sold
    ('000) 2022 2021 2020 2019 2018 2017 2016 2015
    Grey and white cement (metric tons) 10,849 11,156 10,712 9, 489 9,828 10,282 10,110 9,368
    Ready-mixed concrete (m3) 4,798 5,093 4,435 4, 116 4,921 4,948 4,420 3,749
    Aggregates (t) 10,462 11,052 10,222 9, 710 9,953 9,335 4,462 3,813
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Last update: 16/03/2023 | 10:52